Veeva(US:VEEV)2025-05-28 20:10Financial Performance & Growth (FY2025 & FY2026 Guidance) - Total revenue for FY2025 reached $2.747 billion[8], with a year-over-year growth of 16%[8] - Subscription revenue for FY2025 was $2.285 billion[8], representing a 20% increase year-over-year[8] - Services revenue remained flat at $462 million in FY2025[8], showing 0% year-over-year growth[8] - The company projects total revenue for FY2026 to be between $3.09 billion and $3.1 billion[8], indicating an approximate 13% growth[8] - Non-GAAP operating income for FY2025 was $1.152 billion[15], with a margin of 42%[15], and is projected to reach approximately $1.36 billion in FY2026[15], with a margin of ~44%[15] - Normalized billings for FY2025 amounted to $2.951 billion[21], with an anticipated increase to ~$3.32 billion in FY2026[21], reflecting a growth of approximately 12%[21] - Non-GAAP cash from operations for FY2025 was $1.081 billion[25], and is projected to be ~$1.21 billion for FY2026[25] Q1'26 Results & Q2'26 Guidance - Total revenue for Q1'26 reached $759 million[12], demonstrating a 17% year-over-year growth[12] - Subscription revenue for Q1'26 was $634.8 million[38], a 19% increase year-over-year[38] - Services revenue for Q1'26 was $124.3 million[38], up 7% year-over-year[38] - For Q2'26, the company anticipates total revenue between $766 million and $769 million[32], with subscription revenue around $649 million[32] and services revenue between $117 million and $120 million[32] - Non-GAAP operating income for Q1'26 was $349.9 million[38], representing a margin of 46.1%[38]